Introduction of additional documentation obligations

In 2015, the Organization for Economic Cooperation and Development (OECD) published the final reports presenting the action plans against base erosion and profit shifting (BEPS). In the BEPS reports, 15 action points were formulated with the aim of preventing multinationals from eroding the tax base of countries in which they operate. More than 100 countries, including Curaçao, have agreed to participate in the implementation of these action points in their local legislation.